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Volkswagen AG agreed to pay a 1 billion euro ($1.2 billion) fine imposed by German prosecutors, taking another step to move past its almost three-year-old diesel-emissions crisis. VW assumes responsibility for its actions and accepts the fine, the German automaker said Wednesday in a regulatory filing. It said active regulatory proceedings against the company have ended, and it expects the settlement to have a positive impact on other proceedings in Europe. “We work with vigor on dealing with our past,” VW Chief Executive Officer Herbert Diess said in a separate statement. “Further steps are necessary to gradually restore trust again in the company and the auto industry.”. VW has earmarked... Full story

13 June